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Britain's Prime Minister Keir Starmer delivers a speech on stage during the International Investment Summit, held at The Guildhall, in central London, on October 14, 2024.

LONDON — The U.K.'s Labour government said Monday that it had secured £63 billion ($82 billion) in fresh investment at the close of a summit aimed at wooing overseas capital.

Finance Minister Rachel Reeves hailed the "shovel ready" spending commitments — from companies including Blackstone , MacQuarie, Iberdrola , Amazon Web Services , ServiceNow and Eli Lilly — which she said would create almost 40,000 new jobs across the country.

"We are bringing investment and jobs back to this country. Britain is open for business again," she said during closing remarks at the summit.

The announcement comes after Prime Minister Keir Starmer earlier on Monday vowed to slash regulatory red tape to boost anemic investment in the country.

"We've got to look at regulation across the piece, and where it is needlessly holding back investment ... mark my words, we will get rid of it," he told delegates at the government's inaugural International Investment Summit, held at London's Guildhall.

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